loanDepot’s CIO Keeps Selling Shares in the Company December 14, 2022 Paul Muolo loanDepot's management team predicted that originations could fall to between $4.0 billion and $7.0 billion in 4Q22...Read More
SitusAMC Vice Chairman Set to Retire at Yearend December 13, 2022 Paul Muolo Cronin served for 16 years on the board of the Mortgage Bankers Association.Read More
Short Takes: Brokers Face the Layoff Ax Too / Wells Won’t Say / UWM’s Ishbia: Cut the FHA MIP Now / More Repo (Warehouse) Lines Reduced December 2, 2022 Paul Muolo and Monica Hogan A Wells spokesman would not provide specifics on the mortgage layoffs...Read More
Mr. Cooper Chief Cashes In Some of His Holdings December 1, 2022 Paul Muolo Mr. Cooper's share price has held up reasonably well compared to most of its nonbank peers...Read More
Short Takes: This Time, It’s Different / A Shorter Correction Timeline? / Foreclosures Rising / Hurricane Ian / Cardinal Hires loanDepot Vet / A Few Days Off… November 23, 2022 Paul Muolo and Sam Manas The hope is that the origination correction will be shorter than past ones...Read More
NMLS Renewals Stumble Early On, But Then Recover November 22, 2022 Sam Manas Some advance change notices didn’t take effect...Read More
Mortgage Company Layoffs? Yes. WARN Act Filings? Not So Much November 17, 2022 Paul Muolo There seems to be a bit of confusion in the industry regarding when mortgage bankers need to register layoff notices with the states.Read More
CrossCountry Circling Angel Oak’s Branches November 11, 2022 Paul Muolo Among originators, CrossCountry ranks 19th overall, according to Inside Mortgage Finance...Read More
Non-QM Giant Angel Oak Exits Retail, Will Focus on TPO November 10, 2022 Earlier in the week, sources informed Inside Mortgage Finance that Angel Oak was about to make a change regarding retail...Read More
Huge Layoffs for loanDepot and the Risks Involved November 10, 2022 Paul Muolo loanDepot's CEO is Frank Martell, an industry veteran who has a reputation as a fierce cost cutter...Read More
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